Jul 2008 Financial News

Sagicor activity declines

Jul 04, 2008

Trading activity experienced a significant decline yesterday as trade volume fell from highs posted on Tuesday and Wednesday to close at 195,766 shares with a corresponding value following of 1.70 million. National Flour Mills Limited (NFM) led the market with 61,946 shares being traded for $70,937.56. Prestige Holdings Limited (PHL) added 60,000 shares valued at $272,996.00. Point Lisas Industrial Port Development Limited (PLD) and National Enterprises Limited (NEL) contributed 21, 548 shares and 16,204 shares with trade values amounting to $189,668,15 and $194,448.00 respectively. Guardian Holdings Limited (GHL) ended the day with 12,600 of its shares crossing the floor of the Exchange for $390,314.30, the day’s highest trade value. Republic Bank Limited (RBL) posted a gain of $.50 pushing its price up to $102.00, while Scotiabank Trinidad & Tobago Limited (SBTT) and National Enterprises Limited (NEL) increased by $.41 and $.24 to $37,69 and $12.00 in that order. LJ Williams B (LJWB) climbed $.04 to close on $1.70, while Prestige Holdings Limited (PHL) ticked up $.01 ending at $4.55. PLIPDECO Limited (PLD) led declines with a fall of $.25 down to $8.75, while Trinidad Cement Limited (TCL) suffered a loss of $.20 as it closed on $10.75.

One Caribbean Media (OCM) shed $.02 ending the day at an even $190.00. Capital & Credit Financial Group Limited (CCFG), Guardian Holdings Limited (GHL), National Commercial Bank Jamaica Limited (NCBJ), Neal & Massy Holdings Limited (NML) and Scotia Bank DBG Investments Limited (SDBG) slipped by $.01 each and closed on $.84, $30.98, $2.09, $64.00 and $2.99 in that order.

The Second Tier Market witnessed trading activity as 2,000 shares of Mora Ven Holdings Limited (MOV) were exchanged for $14,020.00, its price moved up by 10 percent to $7.01. FNCU.

Both the Composite Index and the All TT Index experienced gains, with the Composite increasing by 2.19 points to 1,154.62 and the All TT climbing 59 points to 1,516.85. The Cross Listed Index continued to fall, this time losing 0.10 points as it closed on 97.54.

Trinidad Newsday
Website: http://www.newsday.co.tt/business/0,81894.html
July 4 2008